Potential buyer for City Mall: We'll sell it for sure in a month, liquidator says - financiare.ro
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News » May, 2011 » 12 May 2011

Potential buyer for City Mall: We'll sell it for sure in a month, liquidator says
12.05.2011, 23:36 | Real Estate | 871 views



City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, for a price of at least EUR 26.2 million, considering Casa de Insolvenţă Transilvania, the project's liquidator, sold a document detailing the conditions of contract to an interested investor.

Sources told ZF a potential buyer was Austrian investment fund Immofinanz, the biggest foreign owner of property on the local market, whose portfolio stands at EUR900 million. Immofinanz officials had not commented on the information at hand by edition close.

The deadline for buying the conditions of contract document and depositing the auction guarantee is 12 pm on Friday, with the said document costing 5,000 lei plus VAT and the guarantee set at EUR5.2 million.

Read more on ZF.ro




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